Figure 16-4 -Refer to Figure 16-4. the Shifts of Aggregate Demand from Aggregate

question 19

Multiple Choice

Figure 16-4
-Refer to Figure 16-4. The shifts of aggregate demand from points a to b to c to d are Jcharacteristic of which phase(s) of the inflation-unemployment relationship?

• A) The Phillips phase to the stagflation phase
• B) The Phillips phase to the recovery phase
• C) The Phillips phase
• D) The Phillips phase to the stagflation phase and to recovery phase

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Definitions:

General Environment

Is the set of cultural, economic, legal–political, and educational conditions found in the areas in which the organization operates.

Specific Environment

The set of owners, suppliers, distributors, government agencies, and competitors with which an organization must interact to grow and survive.

Adhocracy

An organizational structure that is flexible, adaptable, and non-hierarchical, often used to spark innovation and tackle emerging issues.

Decentralization

The distribution of decision-making powers from a central authority to local or individual levels within an organization or system.